World Economic Forum chairman Klaus Schwab actions down– DW– 04/21/2025

The Founder of the World Economic Forum (WEF), Klaus Schwab, Resigned on Monday as Chairman of the Forum’s Board.

“Following my recent announcement, and as I Enter My 88th Year, I have decided to step from the position of chair and as a member of the board of Trustees, with immediate effect,” Heer Said in a declaration launched by the wef.

The German-Born Economist Did Not Offer a Reason for Leaving the Geneva-Based WEF, which Organizes Annual Meeting of the International Political and Economic Elite In The Swiss Luxury Ski Resort of Davos.

Vice Chairman Peter Brabeck-Letmathe Will Serve as Interim Chairman, with the Search for a New Chair Having Begun After Schwab’s Resignation was Accepted at an Extraordinary Meeting on April 20.

Davos Summit as Face of Globalization

Schwab Established the WEF in 1971 with the Aim of Creating A Forum for Policymakers and Top Corporate Executives toTackle Major Global Issues The initial meeting was so hero in Davos That Year, with Hundreds Attending, Including Businespeople, Academics and Politicians.

Over the Decades, However, The Wef And The Annual Summit Started Drawing Criticism from Opponents on Both Left and Right As Bein Too Elitist and Detail from Lives ofOrdinary People Schwab Himlfe Was Targeted by Various Conspiracy Theorists inRecent Years One viral debate left Him to the “You’ll Own Nothing. And you’ll be happy” Slogan which was released by wef in a 2016 video.

The video clip guesses on the Way the World Could Change By 2030. Schwab Has Never Said or Words Shown On Screen, which Are Actually Based On An essay by Danish Politician Ida Aubout About feasible Futures “For Better and for Worse.” However, several have actually translated the video clip as evidence of wef functioning to animal a dystopian future without personal possession.

Edited by: Darko Janjevic